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Director Financial Risk Management Jobs in Minnesota

Sprinklr

... financial risk management, and treasury governance. The Director will provide analysis, insights ... and recommendations to the CAO and CFO to support capital allocation, liquidity planning, and ...

D.W. Simpson

Director, Actuary - Hybrid

Minneapolis, MN · On-site

$234K/yr

Growing Life client is seeking a Director - Actuary, with a focus on financial risk management and capital management. Responsibilities include building new asset and liability valuation models ...

Imedica

Director, Financial Reporting

Minnetonka, MN · On-site

$130K - $223K/yr

The Financial Reporting Director is responsible for the review, and delivery of audited GAAP and ... MLR, and risk adjustment. * Proactive, collaborative mindset with strong project management ...

Medica

Director, Financial Reporting

Minnetonka, MN · On-site

$130K - $223K/yr

The Financial Reporting Director is responsible for the review, and delivery of audited GAAP and ... MLR, and risk adjustment. * Proactive, collaborative mindset with strong project management ...

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Director Financial Risk Management information

How much do risk directors make?

Risk directors typically earn between $120,000 and $250,000 annually, depending on experience, industry, and company size. Senior risk management roles with certifications like FRM or CFA may command higher salaries, especially in financial services firms.

What does a risk management director do?

A risk management director oversees an organization’s strategies to identify, assess, and mitigate financial risks. They develop policies, analyze data, and collaborate with other departments to ensure financial stability and compliance, often using risk management tools and frameworks. Strong analytical skills and industry certifications are typically required for this role.

What does a Director of Financial Risk Management do?

A Director of Financial Risk Management is responsible for identifying, assessing, and mitigating financial risks that could impact an organization’s profitability and operations. They develop and implement risk management strategies, policies, and procedures to manage risks related to market fluctuations, credit, liquidity, and regulatory compliance. This role often involves working closely with senior executives, analyzing financial data, and ensuring the company adheres to risk-related regulations and standards. The director also leads a team of risk analysts and collaborates with other departments to promote a risk-aware culture throughout the organization.

What are the main challenges a Director of Financial Risk Management faces when aligning risk strategies across multiple departments?

A Director of Financial Risk Management often encounters the challenge of ensuring consistent risk assessment and mitigation strategies across various business units, each with its own priorities and risk appetites. This requires strong communication skills and the ability to build consensus among stakeholders, as well as staying current with regulatory changes and industry standards. Balancing the need for robust risk controls with the organization's overall business objectives can be complex, but collaboration with finance, operations, and compliance teams is key to implementing effective, enterprise-wide risk policies.

What is the highest paying risk management job?

The highest paying risk management roles are often senior executive positions such as Chief Risk Officer (CRO) or Vice President of Risk Management, which can offer salaries exceeding $200,000 annually, especially in large corporations or financial institutions. These roles require extensive experience, advanced certifications like FRM or CFA, and strong leadership skills.

What is the difference between Director Financial Risk Management vs Risk Analyst?

AspectDirector Financial Risk ManagementRisk Analyst
CredentialsTypically requires advanced degrees (MBA, CFA), extensive experienceBachelor's or master's degree, relevant certifications (FRM, CFA)
Work EnvironmentStrategic leadership, executive meetings, cross-department collaborationData analysis, risk assessment, reporting
Employer & Industry UsageFinancial institutions, corporations, investment firmsBanks, insurance companies, asset management firms

The main difference is that the Director Financial Risk Management oversees risk strategies at an executive level, focusing on high-level decision-making, while Risk Analysts perform detailed risk assessments and data analysis to support those strategies. The director has broader responsibilities and requires more experience and credentials.

What does a director of risk management make?

A director of risk management typically earns a salary ranging from $100,000 to $200,000 annually, depending on the industry, company size, and location. They often have advanced degrees and certifications such as FRM or CRM, and their compensation may include bonuses and benefits based on risk mitigation performance.

What are the key skills and qualifications needed to thrive as a Director of Financial Risk Management, and why are they important?

To thrive as a Director of Financial Risk Management, you need deep expertise in finance, risk assessment, and regulatory compliance, often supported by a degree in finance or a related field and several years of relevant experience. Familiarity with risk modeling software, advanced Excel, and certifications such as FRM (Financial Risk Manager) or CFA are typically required. Strong analytical thinking, leadership, and effective communication are crucial soft skills for influencing stakeholders and managing teams. These skills ensure prudent risk oversight, regulatory adherence, and strategic decision-making to protect the organization's financial health.
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What are popular job titles related to Director Financial Risk Management jobs in Minnesota? For Director Financial Risk Management jobs in Minnesota, the most frequently searched job titles are:
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What cities in Minnesota are hiring for Director Financial Risk Management jobs? Cities in Minnesota with the most Director Financial Risk Management job openings:
Director Financial Risk Management jobs near you
Director-Risk Management

Director-Risk Management

Ameriprise Financial

Minneapolis, MN • On-site

$131K - $180K/yr

Full-time

Medical, Dental, Life, Retirement, PTO

Posted 11 days ago

Ameriprise rating

8.1

Company rating: 8.1 out of 10

Based on 116 frontline employees who took The Breakroom Quiz

55th of 139 rated financial services

Job description

About Our Company
We're a diversified financial services leader with more than $1.5 trillion in assets under management, administration and advisement as of year-end 2024. Our team of 22,000 people across 19 countries, serves more than 3.5 million individual, small business and institutional clients. We are a longstanding leader in financial planning and advice, a global asset manager and an insurer. Our unwavering focus on our clients and strong financial foundation connects each of our unique businesses - Ameriprise Financial, Columbia Threadneedle Investments and RiverSource Insurance and Annuities. Here, we foster meaningful careers, invest in the future, and make a difference for clients, institutions and communities around the world.
Job Description
Lead, execute, and continuously enhance the first Line of Defense (LOD) risk management program for the Service & Operations (S&O) organization, with a focus on Trading, Regulatory Reporting, and Operations control functions within a clearing broker-dealer. Ensure alignment with the enterprise risk framework, including oversight of regulatory, operational, financial, and compliance risks. Drive risk-based decision-making, maintain regulatory adherence, and ensure effective control design and execution. Serve as a key liaison across business lines and second and third Lines of Defense (Compliance, Risk, Legal, Internal Audit), while providing leadership, guidance, and coaching. The position will be available to candidates in Minneapolis MN and Charlotte NC.
Key Responsibilities
  • Provide direct oversight of risk and control functions across Trading (Equities, Options, Fixed Income, Managed Accounts) and Operations to ensure controls are designed and operating effectively to mitigate operational, financial, and regulatory risk
  • Execute and supervise key trading and operational controls, including:
    - Counterparty risk reviews
    - Mark-up/mark-down practices
    - Execution quality monitoring
    - Trading-related supervisory controls
  • Oversee regulatory reporting and control functions, including:
    - Consolidated Audit Trail (CAT)
    - TRACE and MSRB transaction reporting
    - Trading activity fees
    - General ledger reconciliations
  • Monitor and evaluate regulatory developments impacting clearing and introducing broker-dealers and assess business impact
  • Act as a primary liaison with Trading, Operations, Internal Audit, Compliance, Legal, and regulators, including participation in industry advocacy efforts
  • Identify control gaps and deficiencies, assess risk exposure and materiality, and implement cost-effective remediation strategies
  • Promote continuous improvement and a strong risk awareness culture across the organization
  • Lead and develop a team of risk professionals, including performance management, coaching, mentoring, and career development
  • Foster a culture of accountability, risk awareness, and continuous improvement

Required Qualifications
  • Bachelor's degree or equivalent experience
  • 10+ years of financial services experience with a focus on risk management, controls, and broker-dealer operations
  • Active FINRA Series 7 and Series 24 licenses
  • FINRA Series 53 (or ability to obtain within 120 days)
  • Strong knowledge of clearing broker-dealer regulations, equity and fixed income trading processes, and regulatory reporting frameworks (e.g., TRACE, CAT, MSRB)
  • Experience with risk programs (RCSA, issue management, change management)
  • Experience with regulatory exams, audits, and supervisory controls
  • Proven ability to influence and collaborate across business lines and external stakeholders
  • Prior team leadership experience

Preferred Qualifications
  • Experience with financial and regulatory reporting
  • Knowledge of Operations Control functions (e.g., customer protection, break/fail monitoring)
  • Experience with advisory products
  • Background in trading or operations risk environments
  • Experience with treasury and regulatory reporting

Visa Sponsorship
Applicants must have a valid work authorization that does not now, or in the future, require visa sponsorship for employment in the United States (e.g., H-1B, F-1 CPT, F-1 OPT, TN).
In-Office Collaboration
We are a client-centric, relationship-based business. Working together, in-person, is foundational to how we achieve results. By fostering a culture of face-to-face collaboration, idea sharing, productivity and personal connection, we deliver for our stakeholders - clients, advisors, employees and shareholders. Our employees work in the office at least four (4) days per week, with flexibility to work from home one (1) day per week. Some roles may require additional in-office time or different in-office expectations, and specific requirements will be discussed during the hiring process.
Base Pay Salary
The estimated base salary for this role is $131,000 - $180,100 a year. We have a pay-for-performance compensation philosophy. Your initial total compensation may vary based on job-related knowledge, skills, experience, and geographical work location. In addition, most of our roles are eligible for variable pay in the form of bonus, commissions, and/or long-term incentives depending on the role. We also have a competitive and comprehensive benefits program that supports all aspects of your health and well-being, including but not limited to vacation time, sick time, 401(k), and health, dental and life insurances.
Full-Time/Part-Time
Full time
Exempt/Non-Exempt
Exempt
Job Family Group
Business Support & Operations
Line of Business
CLEAR Clearing
Ameriprise Financial is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, gender expression, national origin, ancestry, age, physical or mental disability, medical condition, pregnancy, military status, veteran status, genetic information, citizenship, disability status, marital status, family status or any other basis prohibited by law.
We are committed to fostering an inclusive and accessible recruitment process for individuals with disabilities. If you require a reasonable accommodation to participate in the application or interview process, speak to your recruiter to discuss how we can support you.

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About Ameriprise

Sourced by ZipRecruiter

At Ameriprise Financial, we're not just in the business of helping clients with their financial goals - we also help our advisors and employees reach their true potential by embracing an inclusive and collaborative culture. We celebrate the unique qualities and reward the contributions of our talented, passionate employees. If you're motivated and want to work for a strong, ethical company that cares about you and your community, take the next step with Ameriprise Financial.

Industry

Funds, trusts and financial programs

Company size

5,001 - 10,000 Employees

Headquarters location

Minneapolis, MN, US

Year founded

1894

Social media

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